As per @VitalikButerin on X, the congestion pricing initiative in New York City appears to be functioning effectively. This system aims to reduce traffic congestion by charging fees for driving in certain areas during peak times, is a feature highlighted as a successful example of market mechanisms in action. The statement was made on January 8, 2025, reflecting positive feedback on the implementation of this economic strategy. Vitalik is the founder of Ethereum.
Vitalik Buterin Praises NYC Congestion Pricing as Effective Market Mechanism
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